The Autumn Budget 2018 saw Chancellor Phillip Hammond restrain himself from tinkering too much with landlord tax. Opening the Budget, Chancellor Hammond stated he believed that it would ‘open a new chapter in in our country’s economic future’. On the … Continue reading
Limited company transactions as a proportion of all Buy-To-Let (BTL) mortgage transactions have been rising since a reduction in tax breaks for landlords was announced in July 2015. This is because they can offer greater tax and financial efficiencies. Other … Continue reading
Landlords who have not applied for a HMO license, following the deadline on 1st October, must act now to ensure compliance. The biggest change impacting landlords has seen the abolishing of the requirement for HMO to consist of three storeys … Continue reading
Whilst the temperatures of this summer soars to all time highs, the number of landlords buying property to expand their portfolios has not. An increase in first time buyers according to the trade lending body UK Finance, suggests that the … Continue reading
Purchasing a residential property over £125,000, whether as a homeowner or Buy-To-Let landlord means having to pay STDLT (Stamp Duty Land Tax). Treasury coffers have netted close to £9.3 billion in SDLT receipts on 1.1 million residential transactions across the … Continue reading
This week, Abode are pledging our support to Fire Door Safety Week, keeping landlords and tenants alike informed on the subject of safety with fire doors, particularly those in HMO properties. 1. What is a House of Multiple Occupancy (HMO)? … Continue reading
September is the busiest month of the year for new tenancies across the rental market, but how much of their income, on average should tenants expect to pay on rent? Over the last year across England and Wales, tenants paid … Continue reading
We are proud to be supporting Gas Safety Week 2018, taking place 17th – 23rd September. Gas Safety Week is an annual safety week to raise awareness of gas safety and the importance of taking care of your gas appliances. … Continue reading
A review of housing for tenants insists that Buy-To-Let landlords should carry out an annual ‘MOT’ on their properties. Carried out by the University Of York and funded by Nationwide Foundation, the report states that regulation is ‘confused and contradictory’. … Continue reading
Property portal Rightmove have had somewhat of a monopoly when it comes to being the largest property portal in the industry, both for sales and lettings. However, with Rightmove driving up their fees well above the typical inflation rate, and … Continue reading